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Daily Mail, 2 June 2021, Bacanora takeover “offer” by Chinese company Ganfeng

The ShareSoc blog provides news and informal commentary from directors, members and other contributors. Entries reflect the personal views of the authors, which do not necessarily reflect ShareSoc’s formal position. Contributors may hold shares in the companies mentioned. Nothing in this blog should be viewed as financial advice. You may submit comments on blog posts, but ShareSoc reserves the right to remove or edit inappropriate or defamatory submissions.

https://www.thisismoney.co.uk/money/markets/article-9641119/Backlash-sale-lithium-Chinese-predator.html  reports that:

Cliff Weight, director of shareholders champion ShareSoc, said: ‘When foreign joint ventures are listed on the London Stock Exchange, it is very difficult for the rights of minority shareholders to be protected.

‘Companies such as Bacanora need to be much more transparent, so it is easier for investors to understand the options and warrants that JV (joint venture) partners have. It looks like the Chinese are buying lithium assets on the cheap.’

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Post Date: June 2, 2021
One comment
  1. Cliff Weight says:
    15th June 2021 at 9:44 pm

    More background here https://www.voxmarkets.co.uk/articles/traders-cafe-with-zak-mir-sunday-roast-extra-on-bacanora-lithium-c17ca85/

    Reply

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